Question

Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)

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What is the future value of $7,020 at the end of 7 periods at 8%
compounded interest? *(Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)*

The future value |
$enter the future value in dollars rounded to 0 decimal places |

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What is the present value of $7,020 due 8 periods hence, discounted
at 6%? *(Round factor values to 5 decimal places, e.g.
1.25124 and final answer to 0 decimal places, e.g.
458,581.)*

The present value |
$enter the present value in dollars rounded to 0 decimal places |

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What is the future value of 18 periodic payments of $7,020 each
made at the end of each period and compounded at 10%?
*(Round factor values to 5 decimal places, e.g. 1.25124
and final answer to 0 decimal places, e.g.
458,581.)*

The future value |
$enter the future value in dollars rounded to 0 decimal places |

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What is the present value of $7,020 to be received at the end of
each of 18 periods, discounted at 5% compound interest?

The present value |
$enter the present value in dollars rounded to 0 decimal places |

Answer #1

Using the appropriate interest table, answer the following
questions. (Each case is independent of the others.)
What is the future value of 24 periodic payments of $4,890 each
made at the beginning of each period and compounded at 8%?
(Round factor values to 5 decimal places, e.g. 1.25124
and final answer to 0 decimal places, e.g.
458,581.)
The future value
$enter the future value in dollars rounded to 0 decimal
places
What is the present value of $3,950 to be...

Using the appropriate interest table, compute the present values
of the following periodic amounts due at the end of the designated
periods. Click here to view factor tables $50,440 receivable at the
end of each period for 8 periods compounded at 11%. (Round factor
values to 5 decimal places, e.g. 1.25124 and final answer to 0
decimal places, e.g. 458,581.) Present value $ Click here to view
factor tables $50,440 payments to be made at the end of each period...

Using the appropriate interest table, answer the following
questions. (Each case is independent of the others.)
What is the future value of 24 periodic payments of $4,660 each
made at the beginning of each period and compounded at 8%?
(Round factor values to 5 decimal places, e.g. 1.25124
and final answer to 0 decimal places, e.g.
458,581.)
The future value
$
What is the present value of $2,600 to be received at the
beginning of each of 30 periods, discounted...

Using the appropriate interest table, compute the present values
of the following periodic amounts due at the end of the designated
periods.
$52,480 receivable at the end of each period for 8 periods
compounded at 11%. (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)
Present value
$52,480 payments to be made at the end of each period for 17
periods at 10%. (Round factor values to 5 decimal
places, e.g....

$51,270 receivable at the end of each period for 8 periods
compounded at 11%. (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)
Present value
$ enter the present value in dollars rounded to 0 decimal
places
$51,270 payments to be made at the end of each period for 16
periods at 9%. (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)...

Stacy Alvarez is investing $381,500 in a fund that earns 11%
interest compounded annually.
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What equal amounts can Stacy withdraw at the end of each of the
next 16 years? (Round factor values to 5 decimal
places, e.g. 1.25124 and final answers to 0 decimal places, e.g.
458,581.)
Yearly withdrawals
$
Chris Inc. will deposit $56,600 in a 11% fund at the end of each
year for 7 years beginning December 31, 2020.
Click...

Steve Weatherspoon, a super salesman contemplating retirement on
his fifty-fifth birthday, decides to create a fund on an 12% basis
that will enable him to withdraw $18,180 per year on June 30,
beginning in 2024 and continuing through 2027. To develop this
fund, Steve intends to make equal contributions on June 30 of each
of the years 2020–2023.
(a)
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date.
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How much must...

Problem 6-5 Julia Baker died, leaving to her husband Leon an
insurance policy contract that provides that the beneficiary (Leon)
can choose any one of the following four options. Money is worth
2.50% per quarter, compounded quarterly. Compute Present value if:
Click here to view factor tables (a) $55,240 immediate cash. (Round
factor values to 5 decimal places, e.g. 1.25124 and final answer to
0 decimal places, e.g. 458,581.) Present value $ 55240 (b) $4,090
every 3 months payable at...

Novak Corporation, having recently issued a $20,075,700, 15-year
bond issue, is committed to make annual sinking fund deposits of
$625,000. The deposits are made on the last day of each year and
yield a return of 10%. Click here to view factor tables Determine
the amount of deficiency. (Round factor values to 5 decimal places,
e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Deficiency $enter a dollar amount rounded to 0 decimal places

Chris Quincy wants to withdraw $35,600 each year for 9 years
from a fund that earns 4% interest.
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How much must he invest today if the first withdrawal is at
year-end? How much must he invest today if the first withdrawal
takes place immediately? (Round factor values to 5
decimal places, e.g. 1.25124 and final answers to 0 decimal places,
e.g. 458,581.)
First withdrawal at year-end
$enter a dollar amount rounded to 0 decimal...

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